-
Chairman's message
I am pleased to report that the 2011 financial year produced the Company’s best results on record. We have now completed four consecutive years with consistent growth in underlying EBITDA and underlying NPAT. The growth rate of our underlying EBITDA has been particularly strong over this period with a compound annual growth rate of 70% over the last 3 years.
Download a PDF
-
Chairman's message (cont'd)
During the past 12 months the Company completed 3 acquisitions, expanded its network into the Newcastle and Sunshine Coast markets and also signed a number of key strategic wholesale partnership agreements, providing a solid platform for future success.
The largest acquisition, that of our largest fixed wireless competitor Clever Communications Australia, now positions BigAir as the market leader in high speed fixed wireless broadband with national network infrastructure covering the major metropolitan centres across Sydney, Melbourne, Brisbane, Perth, Adelaide, Gold Coast, Newcastle and the Sunshine Coast.
Download a PDF -
Chairman's message (cont'd)
The remaining two acquisitions were in the student accommodation segment and they together have positioned BigAir as the market leading supplier of managed Internet services to tertiary accommodation sites across Australia, servicing close to 20,000 students each month.
Since the completion of these acquisitions the focus for 2011 has been on the consolidation and integration of these acquisitions to ensure a solid platform for future organic growth across both divisions. We are pleased to report that the integration is on track and a significant amount of the expected synergies have already been realised with the full synergies expected to be delivered before the end of the 2012 financial year.
Download a PDF -
Chairman's message (cont'd)
On behalf of the Board I would like to thank management and staff for the hard work and dedication that has helped deliver the best financial results on record for the Company. The Company has in place a highly capable management team and we expect the recent growth and successes of the BigAir business to continue into the coming year. For further commentary on the 2011 financial year please refer to the enclosed Directors Report.
Yours sincerely,
Paul Tyler
Chairman
BigAir Annual report 2011
-
Financial review
BigAir delivered record Full Year Revenue of $15.5 million in FY11 which is an increase of 105% versus the $7.6 million Full Year Revenue recorded in FY10. The Company also delivered record underlying EBITDA profit for FY11 of $5.4 million an increase of 69% versus the $3.2 million EBITDA recorded in FY10, and well ahead of its revised market guidance of $5.2 million.
Download a PDF
-
-
-
-
Principal activities
BigAir owns and operates Australia's largest metropolitan fixed wireless broadband network. BigAir's competitive infrastructure advantage includes its state-of-the-art business-grade fixed wireless network which allows it to install business-grade symmetric broadband services at speeds up to 1000Mbps and distances up to 30km from its base stations with installation taking just a few hours.
Download a PDF
-
Video
Click on the image to view a video of Jason Ashton, CEO and Managing Director of BigAir Group. Jason talks about his extensive telecommunications background and role as co-founder of BigAir, together with a business overview and growth plans for BigAir.
